Fiat to Own 35% of Chrysler in Return for Small Car Platform
January 19, 2009 by admin · Leave a Comment
Chrysler and Fiat are joining forces. Chrysler’s majority owner Cerberus will give thirty-five percent of its stake in Chrysler to Fiat. Fiat will will not pay Cerberus any cash in this deal. Instead Fiat will provide its small car platforms, powertrains and other systems to Chrysler with the hope that a small car model range will give it greater sales and profitability. Read more
